The August Group Inc. is your source for dependable Real Estate Appraisals in Saint Louis City and the following counties in Missouri; St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois.Whether it's an older home or luxurious new construction, Jeffrey Noyes' experience and hours of study as licensed appraiser make him qualified to provide home valuations in Saint Louis City, St. Louis, Franklin, Jefferson, Warren, Lincoln, St. Charles and St. Francois County for clients ranging from national mortgage companies to local lenders or individual businesses and consumers.
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| Mortgage Rates Hold Steady in Tight Range | ||
| 10/7/2025 2:57 PM | ||
| Mortgage rates have been in a very narrow range for nearly 3 weeks with the last major move seen on September 17th and 18th following the Fed rate cut. Paradoxically but not surprisingly, rates actually moved higher after the Fed cut the Fed Funds Rate. Contrary to popular belief, Fed comments and policy changes are not the biggest consideration f...Read More | ||
| Non-QM, Accounting, Settlement, POS, Borrower Assistance Tools; LOs and Compassion; Rates Treading Water | ||
| 10/7/2025 10:45 AM | ||
| President Trump has recommended that publicly held companies only report earnings every six months instead of every three. Don’t stockholders deserve more timely information to make educated choices, not less? For example, bond market investors who rely on government releases to make decisions seem nearly frozen in their tracks, and the government ...Read More | ||
| Early Gains Erase Overnight Weakness | ||
| 10/7/2025 10:38 AM | ||
| 10yr yields drifted up toward the 4.20% technical level overnight but buyers showed up at the 8:20am CME open. The initial recovery looks more technical in nature. The subsequent buying brought bonds into positive territory and likely had more to do with the day"s only real econ data: the NY Fed Survey of Consumer Expectations. The data showed an u...Read More | ||
| Incidental Weakness But No Big Picture Change | ||
| 10/6/2025 3:39 PM | ||
| Incidental Weakness But No Big Picture Change There were no economic reports on tap today and no obvious market moving headlines during the domestic session. The lighter volume and liquidity made the bond market more susceptible to random sources of inspiration in the overnight session. Political developmen...Read More | ||
| Mortgage Rates Start The Week Near Recent Highs | ||
| 10/6/2025 3:23 PM | ||
| Mortgage rates began the week right in line with their highest levels of the past 30 days. This sounds a bit more dramatic than it is because the past 2.5 weeks have been very narrow and today"s rates are merely at the upper edge of that range (i.e. not much different than the recent lows). There were no meaningful economic reports driving v...Read More | ||
| Trading, TPO Training, Verification Tools; Investor Shutdown News; Fifth Third/Comerica Deal | ||
| 10/6/2025 10:45 AM | ||
| Often the economy and general business trends are separate from management and business acumen. Like Block Buster, which at the high point had over 9,000 stores, Rite Aid had 5,000. Now it has… zero, despite people always needing drugs and toothpaste. Companies have to react to changing times… remember when CVS began locking its shelves to stop the...Read More | ||
| Overnight Losses Thanks to Overseas Markets | ||
| 10/6/2025 7:57 AM | ||
| On paper, it was supposed to have been a sleepy session for bonds with nothing of note on the econ calendar. But in practice, we"re seeing one of the larger instances of overnight selling in months. Ironically, the extreme absence of domestic market movers can grease the skids for more volatility (via illiquidity) if unexpected motivations pop up.&...Read More | ||
| Weaker Day, Stronger Week | ||
| 10/3/2025 3:59 PM | ||
| Weaker Day, Stronger Week Friday ended up seeing the bond market give up some ground with most of the weakness following the ISM Services data. The headline wasn"t the culprit. Rather, resilience in the employment index and persistence in the price index did the damage. Even then, the damage was minimal in ...Read More | ||
| Mortgage Rates Lowest Since Fed Day | ||
| 10/3/2025 2:51 PM | ||
| Mortgage rates moved just a bit lower today. Relative to any other day in the past 2 weeks, it was unremarkable. But because the range has been so narrow over that time, and because rates were already at the lower boundary of that range yesterday, it technically resulted in the lowest average rate since Fed Day on September 17th. The underly...Read More | ||
| 4% Gain in Pending Home Sales Isn"t Exactly What it Seems | ||
| 10/3/2025 2:22 PM | ||
| The National Association of Realtors’ Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—ticked higher in August, but remains locked in the same flat, depressed range that has defined the past two years. Pending home sales rose 4.0% in August, lifting the index to its highest level since March, and 3.8% above the sa...Read More | ||